The crypto markets have been range-bound since the infamous crash in May 2021 which witnessed bitcoin touch the $30k support level.
While several analysts have gone on record to claim that we might have entered a short-lived bear market, crypto analyst PlanB on June 20 made a staggering claim saying BTC could hit a whopping $450,000 by the end of 2021.
The creator of the famous stock-to-flow bitcoin price forecasting model, PlanB has not shied away from holding a contrasting take vis-a-vis the current crypto market sentiment.
AMONG OUR MAIN OBJECTIVES IS TO POPULARIZE THE USE OF CRYPTOCURRENCY, EXPLANATION WHAT CRYPTOCURRENCIES ARE AND HOW THEY PLAY THE ROLE OF PAYMENT INSTRUMENT AND MEANS FOR SAFE STORING AND EARNINGS, AS WELL AS PROVIDING THE NECESSARY KNOWLEDGE, EDUCATIONAL ARTICLES, INFORMATION ABOUT UPCOMING EVENTS AND CONFERENCES DEDICATED TO THE DEVELOPMENT OF CRYPTOCURRENCY.